Everest Metals Corporation Rubidium Project Commences Major Drilling Programme

Everest Metals Launches 2,500m Drill Program at World-Class Rubidium Project

Everest Metals Corporation (ASX: EMC) has commenced a significant 2,500-meter drilling program at its Mt Edon Critical Minerals Project in Western Australia, aiming to upgrade and expand its already substantial rubidium resource of 3.6Mt at 0.22% Rb₂O.

Major Resource Expansion Initiative Underway

The recently launched drilling campaign represents a crucial step in advancing Australia's first rubidium supply chain, targeting a high-value critical mineral with growing global demand across defense, aerospace, and technology sectors.

The Mt Edon project already hosts a significant inferred rubidium resource, including a high-grade zone of 1.3Mt at 0.33% Rb₂O, with mineralisation remaining open in all directions along a 1.2km pegmatite corridor. Previous drilling campaigns have consistently expanded the resource, suggesting substantial growth potential for this world-class deposit.

"The recommencement of drilling program at Mt Edon to expand and upgrade our resource of our world-class Everest Metals Corporation rubidium project is an important next step in being able to present to the market the results of our studies to date in terms of commercial and project development parameters," said Executive Chairman and CEO Mark Caruso.

The program includes approximately 25 RC holes and two diamond drill holes, with completion expected within two weeks and assay results anticipated by November 2025. Beyond resource expansion, the drilling will:

• Test potential extensions along strike
• Provide core samples for detailed metallurgical test work
• Support geotechnical assessments for future mine planning
• Target cesium mineralisation in highly fractionated pegmatites

Understanding Rubidium: A Rare Critical Mineral with Strategic Applications

Rubidium is classified as a critical mineral by countries including the United States and Japan due to its essential role in advanced technologies and limited global supply. Unlike more common alkali metals such as lithium, rubidium resources remain scarce worldwide.

This scarcity drives exceptional value, with rubidium carbonate commanding approximately $1,170 per kilogram in the market. The global rubidium industry is projected to grow from $4.46 billion in 2023 to $7.2 billion by 2032, representing a CAGR of 5.48%.

Key Applications of Rubidium

Rubidium plays a crucial role in multiple strategic industries due to its unique properties:

• Defense and Military: Essential for night vision imaging, radiation detectors, and military infrared signal lights
• Aerospace: Powers ion propulsion engines for spacecraft and atomic clocks for GPS systems
• Communications: Enables ion-based cloud communications and fiber optic technologies
• Medical: Used in specialized medications and pharmaceutical production
• Energy: Components in advanced power generation systems

Despite growing demand, global production remains constrained, with China dominating production and processing. This supply limitation presents a significant opportunity for new producers like Everest Metals.

Advanced Extraction Technology and Strategic Partnerships

EMC has made remarkable progress in developing proprietary rubidium extraction methods, working alongside prestigious research partners:

• Partnered with Edith Cowan University to develop a Direct Rubidium Extraction (DRE) process
• Achieved 97% rubidium recovery rates in recent test work
• Filed a provisional patent application for its proprietary extraction technology
• Secured collaboration with Australia's national science agency, CSIRO, for advanced mineralogical studies
• Gained membership to the U.S. Defense Industrial Base Consortium (DIBC), providing access to potential non-dilutive funding and strategic partnerships

These partnerships position EMC at the forefront of developing Australia's first rubidium supply chain, addressing a critical gap in Western supply for this strategic mineral.

Comprehensive Development Timeline

EMC has outlined a detailed timeline for advancing the Mt Edon project:

H2 2025:

• Complete Phase-2 resource drilling
• Receive assay results (mid-November 2025)
• Conduct MRIWA bench-scale optimization studies

H1 2026:

• Progress CSIRO studies
• Secure patent for rubidium extraction process
• Complete environmental studies
• Deliver resource upgrade
• Complete Engineering Scoping Study

H2 2026:

• Secure grant funding for pilot plant
• Commence pilot plant construction

H1 2027:

• Complete Prefeasibility Study
• Begin pilot plant operations

H2 2027:

• Obtain mining proposal approvals

Investment Potential in a Rare Critical Minerals Play

Mt Edon represents one of the most significant rubidium resources globally, with several key advantages:

• Near-surface mineralisation supporting cost-effective open-pit mining with low stripping ratios
• High-grade zones containing 56% of the total Rb₂O content in just 36% of the resource tonnage
• Extensive growth potential with mineralisation remaining open in all directions
• Advanced extraction technology with proven high recovery rates
• Strategic partnerships with leading research institutions and access to the U.S. defense industrial base

With $4 million in recently secured funding from an August 2025 placement, EMC is well-positioned to advance exploration and development across its portfolio, with Mt Edon as its flagship project.

Why Investors Should Follow Everest Metals

Everest Metals offers investors rare exposure to rubidium, a critical mineral commanding premium prices with constrained global supply. Unlike more common battery metals, rubidium represents a specialized market with high barriers to entry and strategic importance to Western nations seeking supply chain security.

The company's multi-faceted approach combining resource expansion, technological innovation, and strategic partnerships creates multiple potential value catalysts over the coming 24 months. With drilling now underway and a clear development pathway established, EMC is positioned to capitalize on the growing demand for this rare critical mineral.

As global technology trends drive increased demand for specialized materials like rubidium, EMC stands at the forefront of establishing a new Western supply source for this strategically important resource.

Want to Invest in Australia's First Rubidium Supply Chain?

Discover why Everest Metals Corporation's Mt Edon Project represents a rare investment opportunity in the critical minerals sector. With a significant 3.6Mt resource, proprietary extraction technology achieving 97% recovery rates, and strategic partnerships with leading research institutions, EMC is positioned at the forefront of global rubidium production. To learn more about this compelling investment opportunity and stay updated on the current drilling programme, visit Everest Metals Corporation today.